Aer Lingus to axe 1,500 jobs, save &euro;74 million

Aer Lingus intends to cut up to 1,500 jobs as part of an effort to save €74 million ($101.8 million), it announced yesterday following meetings with unions, according to widespread press reports.
EI management last week announced its intention to follow through with the cost-reduction program, saying it sought "fundamental change" (ATWOnline, Oct. 6). The carrier said yesterday it will lower its payroll by €50 million, cut an additional €14 million from distribution, ...